At 30 June 2011
Less
than 6
months
6 ‑ 12
months
Between
2 and 5
years
Over 5
years
Total
contract‑
ual cash
flows
Financial assets
Cash & cash equivalents
123,627
-
-
-
123,627
Trade & other receivables
144,821
-
-
-
144,821
Held to maturity investment
20,418
-
-
-
20,418
Total financial assets
288,866
-
-
-
288,866
Financial liabilities
Trade & other payables
192,155
-
-
-
192,155
Bond issue
-
-
-
200,000
200,000
Derivatives financial instruments
‑ foreign exchange
11
-
-
-
11
Other financial liabilities
105
104
625
-
834
Total financial liabilities
192,271
104
625
200,000
393,000
Note 02
Financial risk management (continued)
(d) Fair value measurements
The fair value of financial assets and financial
liabilities are estimated for recognition,
measurement and disclosure purposes.
AASB 7 Financial Instruments: Disclosures requires
disclosure of fair value measurements by level of
the following fair value measurement hierarchy:
(a)
quoted prices (unadjusted) in active markets
for identical assets or liabilities (level 1)
(b)
inputs other than quoted prices included
within level 1 that are observable for the
asset or liability, either directly (as prices) or
indirectly (derived from prices) (level 2), and
(c)
inputs for the asset or liability that are
not based on observable market data
(unobservable inputs) (level 3).
The following table presents the Group’s assets
and liabilities measured and recognised at fair
value at 30 June 2012.
At 30 June 2012
Level 1
Level 2
Level 3
Total
Assets
$’000
$’000
$’000
$’000
Foreign exchange forward contracts used for
hedging
-
175
-
175
Total assets
-
175
-
175
Liabilities
Interest rate swaps used for hedging
-
5,446
-
5,446
Foreign exchange forward contracts used for
hedging
-
33
-
33
Total liabilities
-
5,479
-
5,479
At 30 June 2011
Liabilities
Derivatives used for hedging ‑ foreign exchange
-
586
-
586
Total liabilities
-
586
-
586
75
